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Weighted Average Interest Rate Update Notice 97 35 Notice 88 73 Provides Guidelines for Determining the Weighted Average Interes  Form

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Hello and welcome to chapter 13 this is Professor Farhad in this session we would look at current liabilities describe the nature of current liabilities the type and how do we value current liabilities so first we need to define what is a liability then we we need to define what is a current liability because we're going to be dEvaling specifically with current liabilities for this session in another chapter one whole chapter will be devoted for non current liabilities but in this chapter we'll going to be dEvaling with the current liabilities so what is a liability according to fast B how does fast be the final liability so what's the official definition well it's a probable future sacrifice of economic benefits usually we sacrifice cash doesn't have to usually we sacrifice cash arising from present obligation because we have a present obligation of a particular entity to transfer asset or provide services to another entity in the future as a result of past transaction so how can we s

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